Pune, India, March 2021 /press release/- Market Research Future Published a Cooked Research Report on Global polyvinyl alcohol market Research Report.
The global polyvinyl alcohol market, during the forecast period 2018 to 2023, will register growth at a CAGR of 4.59%. The market for polyvinyl alcohol is set to reach US$1,769.2 million by 2023. As per market analysts, the global market is anticipated to witness growth owing to the factors such as growing demand for bio-based PVA products as well as the rapid industrialization and the expansion of the construction sector. However, the market will face challenges and restraints due to the imposition of stringent rules and health concerns during the forecast period 2018 to 2023.
The expansion of the electronic sector in the market is set to play a key role in determining the growth potential during 2018 to 2023 years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across grade and end-use industry segments, factors such as strict rules by various regulatory bodies could slow down the market's growth worldwide.
The polyvinyl alcohol market has been segmented into grade and end-use industry. Based on the segment which is grade, the market is categorized on the basis of partially hydrolyzed and fully hydrolyzed. The global market for polyvinyl alcohol is further segmented based on the end-use industry into construction, electronics, food packaging, medical, paper, and textile.
The global polyvinyl alcohol market research report covers all the aspects of the market based on the segmental analysis of these grade and end-use industry segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The grade and end-use industry segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the polyvinyl alcohol market.
Toxicity of PVA products may hinder the market growth. The market research report suggests that companies in the market could be supported by the rising need for bio-based PVA products as well as extensive application areas of biodegradable PVA products during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The polyvinyl alcohol market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for polyvinyl alcohol during the forecast period 2018 to 2023. As per market analysts, the polyvinyl alcohol market is set to witness tremendous growth across the food packaging industry and construction segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report.
The polyvinyl alcohol market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
Polyvinyl alcohol has seen increased demand over the years, due to demand for sustainable product packaging and stringent rules. Companies functioning in the global market are also being challenged due to concerns regarding the solid waste generation of PVA products and strict regulations being imposed around the world. Mergers and acquisitions by market companies are anticipated to help the polyvinyl alcohol market during the forecast period 2018 to 2023. As the market is set to register a high CAGR of 4.59% and is also anticipated to reach a US$1,769.2 million by 2023, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2018 to 2023.
The company Kuraray Co., Ltd. today announced the signing of a contract to buy the properties and the associated operations of Clariant GmbH, a subsidiary of Clariant AG, from Polyvinyl alcohol (PVA) or Polyvinyl butyral (PVB) undertakings (Clariant). The company is a leading European industry leader in the manufacture and selling of PVA and the PVB located at Industriepark Hoechst in Frankfurt, Germany. The parties concluded that the transaction terms could not be revealed. The agreement shall be authorised by the competent authorities.